Stagnation
in sentence
690 examples of Stagnation in a sentence
So, green shoots of stabilization may be replaced by yellow weeds of
stagnation
if several medium-term factors constrain the global economy’s ability to return to sustained growth.
“Ideological and political prejudices deeply rooted in history will have to be overcome to end the current stagnation,” Eichengreen concludes.
In an oligarchic economy such of that of today's Hong Kong, the costs of
stagnation
and the fruits of growth are distributed in grossly unfair ways.
The Problem With Secular StagnationDELHI – In a recent exchange between former US Federal Reserve Chairman Ben Bernanke and former US Treasury Secretary Larry Summers on the plausibility of secular stagnation, one point of agreement was the need for a global perspective.
But from that perspective, the hypothesis of secular
stagnation
in the period leading up to the 2008 global financial crisis is at odds with a central fact: global growth averaged more than 4% – the highest rate on record.
More precisely, it lies in explaining the conjunction of three major global developments: a surge in growth (not stagnation), a decline in inflation, and a reduction in real (inflation-adjusted) interest rates.
Today, as world growth decelerates, secular
stagnation
seems plausible once again.
But secular
stagnation
is an ailment of countries at the economic frontier.
Indeed, Japanese Sumo circles are now facing growing public infamy, causing many Japanese to wonder if the country, after 20 years of stagnation, is capable of purifying itself.
Stagnation
is not a solution to any problem; on the contrary, it entails serious risks.
The welfare state is sustainable only if revenues grow in line with spending needs; protracted
stagnation
would inevitably result in it being dismantled piece by piece.
But the autocrat’s return to the Kremlin could be Russia’s best hope to escape
stagnation.
But no other ideology was offered, and the crisis – the slow rot of the system that became clear during the era of
stagnation
under Leonid Brezhnev – that began with Khrushchev’s speech lasted another 30 years, until Mikhail Gorbachev took up his mantle of change.
In the Western world, the poorest are the worst affected by economic
stagnation.
In the months before Italy’s next election and the EU parliamentary elections in May 2019, EU leaders will have some – but not much – time to show that European integration is about more than political paralysis and economic
stagnation.
In 2010, Tsyvinski and I predicted a “70-80 scenario” in Russia in the coming years: As oil prices, which had plummeted to $40 per barrel, recovered and surpassed $70-80/barrel, Russia would return to the
stagnation
of the 1970’s and 1980’s.
Now all of these short-term factors have been exhausted, and a Brezhnev-like period of
stagnation
has begun.
Out of both conviction and convenience, Mexico invariably sides with Washington and points to China’s undervalued exchange rate as the cause of its economic
stagnation.
Writers Parag Khanna and Fareed Zakaria have regurgitated those made by Kennedy, Nye, and forebears like Hedley Bull in asserting that the US must lead the world away from a “new medievalism” amid the “rise of the rest” and the relative
stagnation
of the “West.”
Moreover, many technological innovations have not translated into higher productivity growth, the pace of structural reforms remains slow, and protracted cyclical
stagnation
has eroded the skills base and that of physical capital.
The latest bout of pessimism over the Chinese economy has focused on the twin headwinds of deleveraging and a related tightening of the property market – in essence, a Japanese-like
stagnation.
These imbalances can be redressed only with great effort, if at all, and only if one accepts a decade of
stagnation.
But low interest rates are entirely compatible with
stagnation
or depression if risk premia remain large – as the world learned in the 1930’s, and as Japan relearned in the 1990’s.
An increasingly uncompetitive civilian industry, the burden of military commitments overseas, wage stagnation: all signal that the American titan may be wearying.
All of this adds up to a recipe for continued slow growth, secular stagnation, disinflation, and even deflation.
Paying for ProductivityBERKELEY – One of the United States’ defining – and disheartening – economic trends over the last 40 years has been real-wage
stagnation
for most workers.
Because most households earn the bulk of their income from their labor, the absence of real-wage growth is a major factor behind the
stagnation
of family incomes.
Many influential economists are now worried that the US faces anemic growth and “secular stagnation,” owing to a persistent gap between aggregate demand and full employment.
There is also a disturbing implication in the Porter-Rivkin survey that workers themselves, along with America’s schools, are to blame for wage stagnation: If only workers were not so poor in math and science, so ill-equipped for the modern world, and so unproductive, they would earn higher incomes.
More equitable sharing of profits with America’s workers and their families would do much to address the worrisome
stagnation
of wages and middle-class incomes in recent decades.
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